March 01,2004

Sen. Baucus to Unveil Offshoring Proposal at Brookings Institute

On Wed. March 3, Senator Will Unveil Proposal to Create and Protect American Jobs While Promoting International Engagement

(WASHINGTON, D.C.) U.S. Senator Max Baucus, ranking member of the Senate FinanceCommittee, will speak at the Brookings Institute on Wednesday, March 3, 2004 to lay out hislegislative proposal addressing the issue of "offshoring" - the practice of U.S. companies usingresources or employees outside of the United States

“In this tough economy, offshoring has become a serious concern as we watch asignificant number of manufacturing and service jobs leaving our soil," Baucus said. "But thisisn't a case where we can bury our heads or build walls. In order to remain competitive, andcreate new jobs, we need to make America an even better place to do business and expand ourtrade opportunities even further.”

At the Brooking Institute, Baucus will unveil his proposal that will touch on creating newjobs through the use of tax incentives, keeping jobs by increasing health care and educationbenefits, and helping employees who have already lost their jobs due to trade. The overarchingtheme of Baucus's proposal is to create a vision for American based on remaining internationallyconnected and increasing opportunities for America by building relationships across the globe.

Event: U.S. Senator Max Baucus Unveils Offshoring ProposalDate/Time: Wednesday, March 3, 2004 1:15 p.m.Location: Brookings Institution, Falks Auditorium, 1775 Massachusetts Avenue, NW